Delhivery Q1 profit jumps 68.5% ahead of festive season

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New-age third-party logistics (3PL) firm rel=”dofollow” href=”https://economictimes.indiatimes.com/delhivery-ltd/stocks/companyid-2041701.cms” target=”_blank”>Delhivery on Friday reported a 68.5% year-on-year (YoY) jump in its April-June net profit at Rs 91 crore, driven by tighter operations and stable revenue, as it gears up for the ecommerce festive season. The company reported a 5.6% growth in its operating revenue at Rs 2,294 crore.

Its biggest segment of express parcel shipments saw a 14% volume growth to 208 million, but only the latter part of the quarter saw an impact of Delhivery’s acquisition of rival Ecom Express. In the post-earnings analysts call,…



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Delhivery Q1 profit jumps 68.5% ahead of festive season



New-age third-party logistics (3PL) firm rel=”dofollow” href=”https://economictimes.indiatimes.com/delhivery-ltd/stocks/companyid-2041701.cms” target=”_blank”>Delhivery on Friday reported a 68.5% year-on-year (YoY) jump in its April-June net profit at Rs 91 crore, driven by tighter operations and stable revenue, as it gears up for the ecommerce festive season. The company reported a 5.6% growth in its operating revenue at Rs 2,294 crore.

Its biggest segment of express parcel shipments saw a 14% volume growth to 208 million, but only the latter part of the quarter saw an impact of Delhivery’s acquisition of rival Ecom Express. In the post-earnings analysts call,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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